Plan Snapshot
- Plan Sponsor: Ideal Industries, INC.
- Sponsor EIN: 362048768
- Sponsor Address: 1375 PARK AVENUE, SYCAMORE, IL, 60178
- Plan Type: 401(k)
- Total Participants: 483
- Total Assets: $114.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 483 | $114.6M | $1.7M | $3.9M |
| 2023 | 1,342 | $105.7M | $3.1M | $6.7M |
| 2022 | 1,160 | $133.5M | $3.3M | $6.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | NONE KNOWN | $40,534 | — | $40,534 |
| CAPFINANCIAL PARTNERS, LLC | NONE KNOWN | $35,000 | — | $35,000 |
| STRATEGIC ADVISORS | NONE KNOWN | $31,068 | — | $31,068 |
| PLANTE & MORAN, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — NONE KNOWN
- STRATEGIC ADVISORS — NONE KNOWN
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,602
- Estimated Expense Ratio: 0.093% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $106,602 | $66,068 | $40,534 | — | — |
| 2023 | $137,269 | $72,631 | $64,638 | — | — |
| 2022 | $190,961 | $70,930 | $120,031 | — | — |